Debits and credits

In double entry bookkeeping, debits and credits (abbreviated Dr and Cr, respectively) are entries made in accountledgers to record changes in value resulting from business transactions. Generally speaking, the source account for the transaction is credited (that is, an entry is made on the right side of the account's ledger) and the destination account is debited (that is, an entry is made on the left side). Total debits must equal total credits for each transaction; individual transactions may require multiple debit and credit entries to record.

The difference between the total debits and total credits in a single account is the account's balance. If debits exceed credits, the account has a debit balance; if credits exceed debits, the account has a credit balance. For the company as a whole, the totals of debit balances and credit balances must be equal as shown in the trial balance report, otherwise an error has occurred.

Credit (finance)

Credit (from Latincredit, "(he/she/it) believes") is the trust which allows one party to provide money or resources to another party where that second party does not reimburse the first party immediately (thereby generating a debt), but instead arranges either to repay or return those resources (or other materials of equal value) at a later date. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower.

Credit does not necessarily require money. The credit concept can be applied in barter economies as well, based on the direct exchange of goods and services. However, in modern societies, credit is usually denominated by a unit of account. Unlike money, credit itself cannot act as a unit of account.

Movements of financial capital are normally dependent on either credit or equity transfers. Credit is in turn dependent on the reputation or creditworthiness of the entity which takes responsibility for the funds. Credit is also traded in financial markets. The purest form is the credit default swap market, which is essentially a traded market in credit insurance. A credit default swap represents the price at which two parties exchange this risk–the protection seller takes the risk of default of the credit in return for a payment, commonly denoted in basis points (one basis point is 1/100 of a percent) of the notional amount to be referenced, while the protection buyer pays this premium and in the case of default of the underlying (a loan, bond or other receivable), delivers this receivable to the protection seller and receives from the seller the par amount (that is, is made whole).

The Zār cult served as a refuge for women and effeminate men in conservative, Muslim-dominated Sudan.

In Ethiopia, zār also refers to malevolent demons. Many Ethiopian Christians and Muslims believe in these spirits. Among both groups, mental illness is often attributed to zār possession. In Ethiopia, zār possession is more common among women, while among immigrants in the West, men are more commonly afflicted. At the same time, many Ethiopians believe in benevolent, protective spirits, or abdar. While this belief in abdar and zār fits the traditional dualism of good and evil, it is also deeply rooted in superstition.

Latest News for: credit zar

Nevertheless, the value of any given amount of cryptocurrency can be determined in South African Rand (ZAR) given the exchange rate ... To begin, you will need to have a bank account with money to be able to upload or deposit money to an exchange, although some exchanges accept PayPal, credit cards and electronic funds transfer (EFT) payments....

Given its large size and the fact that its outstanding debt has ballooned to nearly ZAR 400bn (estimated at end-March 2018) or roughly 10% of South Africa’sGross Domestic Product (GDP), it also has significant potential ramifications for the national balance sheet and sovereign debt ratings ...ZAR Bn ZAR Bn ... ZAR bn ... ZAR bn ... ZAR bn....

Welkom - Free State police have warned people to beware of scamsters purporting to be bank officials asking for their credit card details over the phone ... The unsuspecting victims later received a message to their cellphone stating “Pay ZAR [X amount] to Takealot online....

ANG will repay borrowings through its South African revolving credit facilities ... They plan to use proceeds from the transactions to repay outstanding borrowings under its South African credit facilities, which had availability of ZAR 1.33 billion ... However, we believe this would ultimately be positive for credit investors....

... flight and a S&P sovereign debt credit downgrade to junk ... In any case, a populist ANC, a reserve bank unable to match Fed rate hikes and rising sovereign credit risk (Zuma/Malema risk) premium means the path of least resistance for the ZAR is lower against the US dollar....

Well, the company said in December 2016 that it had secured approvals for a ZAR 1bn (USD 75.3mn) underwritten five-year debt facility ...Pan African also has a ZAR 800mn (USD 60.3mn) revolving credit facility, which can be extended to ZAR 1.1bn (USD 82.9mn) ... We are spending ZAR 1.5mn ......